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Updated over 8 years ago,

Srinivasan Venkatesan's profile image
Srinivasan Venkatesan's profile image
Srinivasan Venkatesan
  • from Nashville, Tennessee
  • Member since Sep 24, 2016
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6
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1
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Srinivasan Venkatesan's profile image
Srinivasan Venkatesan's profile image
Srinivasan Venkatesan
  • from Nashville, Tennessee
  • Member since Sep 24, 2016
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Srinivasan Venkatesan
  • Nashville, TN
1
Votes |
6
Posts
Rehabbing & House Flipping

Hard Money Lenders (FIX and Flip)

Srinivasan Venkatesan
  • Nashville, TN
Posted

Hello All, 

I would like to know if it is a common practice that the Hard money lenders charge a loan origination fee anywhere between 2.5 - 3.5 points on top of the interest rate 8-12% ? 

Also, is there a better option for the 1st time Flippers to get a loan for reasonable interest rate and any other fee ? 

Please advice, appreciate your response in advance. 

Regards,

NashvilleREI

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